Aveiq Capital Management Group
22nd November 2019
The instrument has been a overall downtrend for most the year. We have seen NZDJPY bottom out to the monthly 67.00 zone, before making a order collection towards the 70.00 liquidity zone. Multiple retests have been made in this area, giving us extra confluence that this should make a new more down giving the bears control. The 70.00 area also lines up with the 61.8% on Fibonacci.
22nd November 2019
The instrument has been a overall downtrend for most the year. We have seen NZDJPY bottom out to the monthly 67.00 zone, before making a order collection towards the 70.00 liquidity zone. Multiple retests have been made in this area, giving us extra confluence that this should make a new more down giving the bears control. The 70.00 area also lines up with the 61.8% on Fibonacci.